Crypto Market Will ‘Absolutely’ Grow 1000x and More

setupbounds

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Quote from: Pursuer on September 18, 2018, 04:21:32 AM

Quote from: Wind_FURY on September 18, 2018, 03:58:17 AM

Quote from: o_e_l_e_o on September 13, 2018, 02:12:37 PM

A growth of 1000 times would give a market cap of $200 trillion. The entire stock market is roughly $73 trillion. Global real estate market is around $217 trillion.

Sure, it's possible, but we are looking at a scenario where Bitcoin replaces the dollar.

I am a believer of Bitcoin becoming a world reserve currency one day, but a market cap of $200 trillion for all cryptocurrencies combined? No. There might not be enough extra liquidity in the world to support that claim. Where would all that wealth come from?

I believe Changpeng Zhao needs to go to the doctor and have his head examined.

you gotta trust in numbers when it comes to market cap because there is nothing else you can trust in when it comes to something that has no meaning.
people look at the number of coins and think 2000 is nothing but the reality when it comes to total marketcap is that the altcoins are being created at an alarming rate! I actually calculated the total number of coins in circulation 4 days ago and it was 18,992,064,409,496 (18 trillion) and today it is 19,045,916,973,830 (19 trillion). in other words a little less than 54 billion coins entered the circulation in only 4 days! considering that the average price of these <2000 altcoins excluding bitcoin is $179.36 that means $9,658,995,938,946 ($9.6 trillion) market cap was created in only 4 days!

you can calculate all of this using excel and coinmarketcap.com! and all of it is meaningless numbers.

I think the calculations were not made by him when he said this. I think he just tried to explain people that the world will see a crypto space that is much bigger than most stock exchanges and it will get big enough to mean something bigger than any other traditional investment methods we know.

He didn't mean the x1000 in literally sense, of course there could be some coins that go x1000 in the future but crypto space in general probably won't however he just made that number up just to show how hyped he is about the future of crypto. Maybe we should not take this word by word but just look at the general sense of what he wanted to say.

figmentofmyass

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Quote from: 1Referee on October 07, 2018, 02:12:31 PM

Quote from: omonuyak on October 07, 2018, 01:50:32 PM

The founder's of binance has been bullish on cryptocurrencies for quite some time now and I think that is what other should do.

I don't think that's a valid reason to become bullish. Binance CEO has an exchange to operate within an industry that thrives on boom cycles in order to generate volume and attract new users. Even if the days of crypto are coming to an end he will tell you that crypto will grow 1000x in the forthcoming years.

that ignores why CZ launched an exchange to begin with. you think he launched an altcoin exchange last year because he thought crypto was about to crash forever? selling shovels isn't profitable when the gold rush is already over. Cheesy

he's obviously very bullish on cryptocurrency. he started at blockchain.info and then put okcoin on the map as CTO. the guy lives and breathes crypto and has made clear that he holds most of his wealth in crypto.

not that any of this matters. he could be entirely wrong. but i'm confident this isn't some sort of ploy to drive binance volumes up......

Quote from: 1Referee on October 07, 2018, 02:12:31 PM

Bitcoin's x1000 times are over, heck, we may not even see x100 anymore. I don't even see Ethereum do a x100 from where it is right now. The real party starts when the crypto market falls apart and only the main currencies manage to survive, and that time will come eventually.

i disagree. if/when the legacy financial world and central banks drive the bubble of bubbles, the liquidity vacuum that characterizes bitcoin can definitely cause spikes into the millions. price won't stay there, but i wouldn't be surprised whatsoever to see $10M bitcoins within the next 5-10 years.

1Referee

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Quote from: omonuyak on October 07, 2018, 01:50:32 PM

The founder's of binance has been bullish on cryptocurrencies for quite some time now and I think that is what other should do.

I don't think that's a valid reason to become bullish. Binance CEO has an exchange to operate within an industry that thrives on boom cycles in order to generate volume and attract new users. Even if the days of crypto are coming to an end he will tell you that crypto will grow 1000x in the forthcoming years.

Quote from: omonuyak on October 07, 2018, 01:50:32 PM

I believe that bitcoin is going to go 1000x in three to four years to come.

Bitcoin at $6500 x 1000 = $6,500,000 per coin. By the time that ever happens, $1 will have $0.001 purchasing power in today's world, which translates to $65,000 per coin.

Bitcoin's x1000 times are over, heck, we may not even see x100 anymore. I don't even see Ethereum do a x100 from where it is right now. The real party starts when the crypto market falls apart and only the main currencies manage to survive, and that time will come eventually.

omonuyak

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Quote from: A.H.Rassel on September 13, 2018, 01:27:52 PM

Changpeng Zhao, the CEO of Binance better recognized as CZ, has said that crypto still has room to grow by more than a thousand times in the years to come.
What you think about this news?... News link( https://www.ccn.com/binance-ceo-zhao-crypto-market-will-absolutely-grow-1000x-and-more ) from ccn.com

The founder's of binance has been bullish on cryptocurrencies for quite some time now and I think that is what other should do. I agree that we are still at the early stages of cryptocurrencies development and many big companies and governments has not come into the market yet. I believe that bitcoin is going to go 1000x in three to four years to come.

gabmen

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Quote from: pinoyden on October 07, 2018, 01:39:15 AM

Quote from: East2011 on October 06, 2018, 07:54:37 AM

I don't think so. Changpeng Zhao is also a human. I think its only his personal prediction because he is the CEO of binance. It does not mean that what he says will always come true.

he can make his own predictions come true if he will act on it . those guys are powerful and seem to have a lot of cash on their pocket , they also have a lot of connections which is also powerful like a whale and if ever they plan to buy a huge amount of cryptos at a single time , they can possibly grow the market 1000x or more .

aside from pumping the market , they can also dump it by doing the opposite move or by selling all thier hodlings .

Nah. The market in general would likely follow bitcoin's movement and i don't think there'll be any x1000 movement for btc anymore. It can still happen probably for upcoming alts that can be pumped that high or a lucky ico but that won't that the market with it. It's probably too late for well known coins to pump that high.

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Quote from: East2011 on October 06, 2018, 07:54:37 AM

I don't think so. Changpeng Zhao is also a human. I think its only his personal prediction because he is the CEO of binance. It does not mean that what he says will always come true.

he can make his own predictions come true if he will act on it . those guys are powerful and seem to have a lot of cash on their pocket , they also have a lot of connections which is also powerful like a whale and if ever they plan to buy a huge amount of cryptos at a single time , they can possibly grow the market 1000x or more .

aside from pumping the market , they can also dump it by doing the opposite move or by selling all thier hodlings .

East2011

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I don't think so. Changpeng Zhao is also a human. I think its only his personal prediction because he is the CEO of binance. It does not mean that what he says will always come true.

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Quote from: BitcoinMarketer39 on September 18, 2018, 02:10:58 AM

Quote from: A.H.Rassel on September 13, 2018, 01:27:52 PM

Changpeng Zhao, the CEO of Binance better recognized as CZ, has said that crypto still has room to grow by more than a thousand times in the years to come.
What you think about this news?... News link( https://www.ccn.com/binance-ceo-zhao-crypto-market-will-absolutely-grow-1000x-and-more ) from ccn.com

The price of the market will obviously increase even more since the growth of cryptocurrency or bitcoins is on a fibonnaci sequence.

Absolutely. The market is really growing every single day and year and for what it is worth, I would not expect it to lag in growth at least not anytime soon. A lot of people must have mentioned that this could be impossible due to the nature of the market cap and the volume by then, but then, I really do not see how this can be impossible as long as new coins are being created every day, there gets to be a value for it and so on, but I guess only time will tell.

forked human

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Quote from: Pursuer on September 18, 2018, 02:37:30 AM

Quote from: wuvdoll on September 17, 2018, 10:59:28 PM

Quote from: iv4n on September 15, 2018, 11:02:59 AM

Just don`t wish it next year, but in next 20 we will have a lot more coins and tokens, many halvings, and more people in crypto.

20 seems reasonable time period to have such a big growth. We also have to understand that not everyone globally is absolutely going to end up being in this space, as some will be limited, accessible to some, and it would be a personal decision for some. Also in this case, we are talking about the whole world moving into the crypto space, with a market cap like this, and I wonder how that in itself is really going to work out. Do we even have up to 204 trillion dollar in the whole global market?

to reach 204 trillion market cap you don't need money! you just need to create a lot more shitcoins and increase the supply. it is a simple formula that can easily be manipulated. you have x and y that you multiply and get the total market cap you need money to increase x (being the price) but since you can't do that you increase the other variable which is y (being the supply) and you easily get the huge number. just like what happened last year.

Hmm. That is actually one way to look at it. Increasing the supply could actually work, but what still makes me not dig that much is that, even if the supply is increased, the coin will be in the market, and then, those who are buying it are definitely doing so with money isn't it? Or maybe I am getting myself more confused here but in reality, someone would have to be paying for something for it to even have value in the first place but I totally understand how that can balance up in a way with the increase in supply I guess.

thecodebear

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Quote from: o_e_l_e_o on September 13, 2018, 02:12:37 PM

A growth of 1000 times would give a market cap of $200 trillion. The entire stock market is roughly $73 trillion. Global real estate market is around $217 trillion.

Sure, it's possible, but we are looking at a scenario where Bitcoin replaces the dollar.

Yeah exactly 1000 times is completely absurd. 100x is definitely possible, with Bitcoin also having the potential to grow 100x as well.

ssmc2

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Quote from: 1Referee on September 21, 2018, 10:06:54 AM

Quote from: timerland on September 19, 2018, 04:23:42 PM

Although one of the likely things to happen to me is that people will start to see that the ICO markets are saturated and move onto other, existing decentralized coins to invest in. This could potentially mean a resurgence of bitcoin dominance.

I think the whole ICO thing will at some point implode and people won't even talk about it anymore after a couple of years. It happened with fiat based crowd funding platforms as well; there was a massive initial rush where people pumped money left and right in anything they believed could yield a decent profit, and most of them got burned. It left a bad taste in their mouth and then even more regulations kicked in and the initial rush vanished not long after that.

ICO's aren't a use. It's a weakness for the platform that hosts these projects. All you are doing is hand over all the voting power in form of circulating supply to competitors, and as we can see with Ethereum, it doesn't end well. Projects got burned, people got burned, and Ethereum itself got burned. The real winner here is EOS.

Man, you had me until that last sentence lol

1Referee

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Quote from: timerland on September 19, 2018, 04:23:42 PM

Although one of the likely things to happen to me is that people will start to see that the ICO markets are saturated and move onto other, existing decentralized coins to invest in. This could potentially mean a resurgence of bitcoin dominance.

I think the whole ICO thing will at some point implode and people won't even talk about it anymore after a couple of years. It happened with fiat based crowd funding platforms as well; there was a massive initial rush where people pumped money left and right in anything they believed could yield a decent profit, and most of them got burned. It left a bad taste in their mouth and then even more regulations kicked in and the initial rush vanished not long after that.

ICO's aren't a use. It's a weakness for the platform that hosts these projects. All you are doing is hand over all the voting power in form of circulating supply to competitors, and as we can see with Ethereum, it doesn't end well. Projects got burned, people got burned, and Ethereum itself got burned. The real winner here is EOS.

zazarb

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All people can openly express their thoughts anywhere and anytime, so Changpeng Zhao did so. And he is correct saying that crypto still has room to grow, but I personally don't think that bitcoin can rise that much. So it is sounds like another speculation

timerland

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If he's talking about the entire crypto market but not just the ICO markets, then yeah, I definitely think that is possible.

Even though I don't believe it's likely to be something occurring in the next few years per se, if given enough time, the adoption levels of crypto should grow drastically to the point where bull markets could bring prices up much further than we've seen.

Although one of the likely things to happen to me is that people will start to see that the ICO markets are saturated and move onto other, existing decentralized coins to invest in. This could potentially mean a resurgence of bitcoin dominance.

Pursuer

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Quote from: Wind_FURY on September 18, 2018, 03:58:17 AM

Quote from: o_e_l_e_o on September 13, 2018, 02:12:37 PM

A growth of 1000 times would give a market cap of $200 trillion. The entire stock market is roughly $73 trillion. Global real estate market is around $217 trillion.

Sure, it's possible, but we are looking at a scenario where Bitcoin replaces the dollar.

I am a believer of Bitcoin becoming a world reserve currency one day, but a market cap of $200 trillion for all cryptocurrencies combined? No. There might not be enough extra liquidity in the world to support that claim. Where would all that wealth come from?

I believe Changpeng Zhao needs to go to the doctor and have his head examined.

you gotta trust in numbers when it comes to market cap because there is nothing else you can trust in when it comes to something that has no meaning.
people look at the number of coins and think 2000 is nothing but the reality when it comes to total marketcap is that the altcoins are being created at an alarming rate! I actually calculated the total number of coins in circulation 4 days ago and it was 18,992,064,409,496 (18 trillion) and today it is 19,045,916,973,830 (19 trillion). in other words a little less than 54 billion coins entered the circulation in only 4 days! considering that the average price of these <2000 altcoins excluding bitcoin is $179.36 that means $9,658,995,938,946 ($9.6 trillion) market cap was created in only 4 days!

you can calculate all of this using excel and coinmarketcap.com! and all of it is meaningless numbers.

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I think the most convincing thing is to tell us where the funds for the market will come from, and what will happen in the market to attract more investors!

Wind_FURY

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Quote from: o_e_l_e_o on September 13, 2018, 02:12:37 PM

A growth of 1000 times would give a market cap of $200 trillion. The entire stock market is roughly $73 trillion. Global real estate market is around $217 trillion.

Sure, it's possible, but we are looking at a scenario where Bitcoin replaces the dollar.

I am a believer of Bitcoin becoming a world reserve currency one day, but a market cap of $200 trillion for all cryptocurrencies combined? No. There might not be enough extra liquidity in the world to support that claim. Where would all that wealth come from?

I believe Changpeng Zhao needs to go to the doctor and have his head examined.

Pursuer

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Where is my ring of blades...

Quote from: wuvdoll on September 17, 2018, 10:59:28 PM

Quote from: iv4n on September 15, 2018, 11:02:59 AM

Just don`t wish it next year, but in next 20 we will have a lot more coins and tokens, many halvings, and more people in crypto.

20 seems reasonable time period to have such a big growth. We also have to understand that not everyone globally is absolutely going to end up being in this space, as some will be limited, accessible to some, and it would be a personal decision for some. Also in this case, we are talking about the whole world moving into the crypto space, with a market cap like this, and I wonder how that in itself is really going to work out. Do we even have up to 204 trillion dollar in the whole global market?

to reach 204 trillion market cap you don't need money! you just need to create a lot more shitcoins and increase the supply. it is a simple formula that can easily be manipulated. you have x and y that you multiply and get the total market cap you need money to increase x (being the price) but since you can't do that you increase the other variable which is y (being the supply) and you easily get the huge number. just like what happened last year.

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Quote from: A.H.Rassel on September 13, 2018, 01:27:52 PM

Changpeng Zhao, the CEO of Binance better recognized as CZ, has said that crypto still has room to grow by more than a thousand times in the years to come.
What you think about this news?... News link( https://www.ccn.com/binance-ceo-zhao-crypto-market-will-absolutely-grow-1000x-and-more ) from ccn.com

The price of the market will obviously increase even more since the growth of cryptocurrency or bitcoins is on a fibonnaci sequence.

wuvdoll

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Quote from: Mehedi72 on September 14, 2018, 08:43:34 AM

"Nothing Is Possible In Crypto World"
So should be Optimistic Wink

Well at the end of this year, expected price should be 2x
Asto my individual opinion

Firstly, that should be nothing is impossible in the crypto world, and secondly it is just a normal saying based on experience and not a proverb as you said it. That is a sentence that I am sure is clear to even my 2 year old kid. Market can grow outrageously in the long run and however it tends to is best known with time as no one can predict the future but in this case, and as some people have mentioned it, it seems to be a lot to wrap one's head around, considering the level at which the market cap will be in such scenario

Quote from: iv4n on September 15, 2018, 11:02:59 AM

Just don`t wish it next year, but in next 20 we will have a lot more coins and tokens, many halvings, and more people in crypto.

20 seems reasonable time period to have such a big growth. We also have to understand that not everyone globally is absolutely going to end up being in this space, as some will be limited, accessible to some, and it would be a personal decision for some. Also in this case, we are talking about the whole world moving into the crypto space, with a market cap like this, and I wonder how that in itself is really going to work out. Do we even have up to 204 trillion dollar in the whole global market?

Topic: Crypto Market Will ‘Absolutely’ Grow 1000x and More (Read 585 times)